William Rabb | Insurance Journal Proving that an insured misrepresented the extent of damage from a storm may have just become a little more complicated for Florida insurance companies. Florida’s 5th District Court of Appeals last week reversed a trial court’s summary judgment order, which found that a homeowner in Orlando had made false statements about… Continue reading Misrepresentation by Insured? It’s Complicated, Florida Appeals Court Rules
Tag: insurance
In Review: the Essentials of Insurance and Reinsurance Law in USA
Bill O’Neill, Jenna Tyrpak, Michael T. Carolan, Thomas J. Kinney | Troutman Pepper All questions Insurance and reinsurance law i Sources of law Each state has both statutory and common law applicable to insurance issues. State common law is a significant source of law for the purpose of resolving disputes. In broad terms, it applies… Continue reading In Review: the Essentials of Insurance and Reinsurance Law in USA
Implementing “Highly Protected Risk” Programs Will Lower Property Insurance Costs
John Canepa, Sr. | Woodruff Sawyer “Highly protected risk” (HPR) is an insurance industry term referring to a risk that has been controlled and managed through various measures. The International Risk Management Institute describes a as one that is subject to a much lower than normal probability of loss. This could be by virtue of… Continue reading Implementing “Highly Protected Risk” Programs Will Lower Property Insurance Costs
Improve the Bottom Line Using Subrogation Waivers
James T. Dixon | Brouse McDowell The premium a company pays for its general liability insurance is based on several factors. More obviously, the rate will be based on the limits of insurance obtained and the applicable deductible. Less obviously, however, classifications, rates and exposure bases also come into play. The Insurance Services Office (ISO)… Continue reading Improve the Bottom Line Using Subrogation Waivers
Insurer Has Duty to Defend Sub-Contractor
Tred R. Eyerly | Insurance Law Hawaii Interpreting Connecticut law, the federal district court had that the insured sub-contractor was entitled to a defense. County Wide Mech. Servs. LLC v. Regent Ins. Co., 2022 U.S. Dist. LEXIS 86726 (D. Conn. May 13, 2022). The underlying plaintiff, The Saybrook at Haddam, entered a… Continue reading Insurer Has Duty to Defend Sub-Contractor